ValuEngine Upgrades P.A.M. Transportation Services (NASDAQ:PTSI) to “Hold”

P.A.M. Transportation Services (NASDAQ:PTSI) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

A number of other brokerages have also recently commented on PTSI. BidaskClub cut shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Zacks Investment Research raised shares of P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th.

PTSI stock traded down $0.20 during midday trading on Tuesday, reaching $57.20. 335 shares of the company’s stock traded hands, compared to its average volume of 9,362. P.A.M. Transportation Services has a 52-week low of $41.82 and a 52-week high of $71.56. The stock has a market cap of $328.55 million, a P/E ratio of 12.48 and a beta of 1.51. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average is $56.95 and its 200 day moving average is $56.69.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Tuesday, October 15th. The transportation company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.54). P.A.M. Transportation Services had a net margin of 5.22% and a return on equity of 20.80%. The business had revenue of $128.99 million for the quarter, compared to analysts’ expectations of $139.60 million. As a group, research analysts expect that P.A.M. Transportation Services will post 4.53 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC purchased a new stake in P.A.M. Transportation Services during the fourth quarter valued at approximately $238,000. First Trust Advisors LP increased its stake in shares of P.A.M. Transportation Services by 8.1% in the third quarter. First Trust Advisors LP now owns 4,310 shares of the transportation company’s stock worth $255,000 after purchasing an additional 324 shares in the last quarter. State Street Corp increased its stake in shares of P.A.M. Transportation Services by 24.1% in the third quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock worth $1,473,000 after purchasing an additional 4,845 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of P.A.M. Transportation Services by 0.7% in the second quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock worth $2,180,000 after purchasing an additional 234 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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